2013-02-28 15:13:13 - Recently published research from Business Monitor International, "Russia Metals Report Q1 2013", is now available at Fast Market Research
Russia's metals sector will face slow growth in 2013 as the eurozone crisis drags on and metals prices weaken. We expect production of key metals to remain modest with company investment plans focusing on improving processing plant efficiency and reducing costs rather than building new plants or expanding production capacity. Despite the weak growth, Russia will remain one of the world's largest producers of key base and industrial metals such as nickel, steel and aluminium. We expect production of key metals to remain modest with company investment plans focusing on improving processing plant efficiency and reducing costs rather than building new plants or expanding production capacity. Despite the weak growth, Russia will remain one of the world's largest producers of
key base and industrial metals such as nickel, steel and aluminium.
Full Report Details at
The Russian steel industry has been grappling with high inflation, tight credit cycles and high interest rates. Opportunities may have beckoned in light of the huge drop in iron ore prices over the past year; however, steel prices have also dropped significantly as the global economic outlook remains bleak. The main drags on global economic growth include: the US, the world's largest economy, continuing to experience a sluggish recovery; China, the second largest economy in the world, will see a continued slowdown over the course of 2013; and finally, the eurozone sovereign debt crisis and its protracted negotiations for reform and proposals for future growth remain uncertain and continue to keep businesses and investors wary.
Russian steel production will rise 1.8% in 2013, with the sector weighed down by falling steel prices and global oversupply in the steel market. With industry participants operating at relatively high capacity utilisation, we expect the key driver of this growth to be improvements to efficiency rather than expansions or building new processing plants. Similarly, global demand growth will slow as construction activity in China declines and the eurozone economies remain extremely weak.
Report Table of Contents:
BMI Industry View
- Table: Table Headertable:headerTable: Russia - Steel Production ('000t, unless stated)
- Table: Table: Russia - Steel Production & Consumption, 2003 - 2011
- Table: Table: Russia - Primary Aluminium Production & Consumption (kt)
- Table: Russia - Nickel Production
- Monthly Metals Update
- Table: Select Commodities: Performance & BMI Forecasts
- Steel Forecast
- Table: BMI Steel Forecast
- Table: Steel Forecast
- Table: Table: Russia - Crude Steel & Rolled Steel Products Output, 2010 (mn tonnes unless stated)
- Table: Russia - Largest Listed Metals Producers
- Table: Severstal - Financial Data
- Norilsk Nickel
- Table: Norilsk Nickel - Financial Data
- Table: UC RUSAL - Financial Data
- How We Generate Our Industry Forecasts
- Cross Checks
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Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010
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